Stoneham Municipal Employees Federal Credit Union

Stoneham Municipal Employees Federal Credit Union (SMEFCU) is dedicated to serving the financial needs of members from Stoneham, Wilmington, Melrose, Wakefield, Reading, North Reading, and Middleton through a range of banking products including savings accounts, loans, and credit cards. The credit union focuses on providing accessible and affordable financial services, featuring a network of surcharge-free ATMs and home equity options to support community members in achieving their financial goals. With a commitment to member service and financial education, SMEFCU offers various resources such as online banking, loan applications, and a partnership with TruStage Insurance. This approach ensures that members have the tools and support necessary to navigate their financial journeys safely and effectively. Generated from the website

Not all financial institutions are alike, just like not all people are alike. People like you look for better alternatives to managing their money. Woburn Municipal Federal Credit Union offers you an option. You can choose to eliminate high-interest, high fees from your life by choosing to join a credit union. Woburn Municipal Federal Credit Union is uniquely different from a bank, finance company, Savings & Loan, or Thrift. Once you join us, you'll be immediately eligible for our low or no-fee financial services, lower interest rates for loans, and higher yield investment and savings accounts, plus outstanding member services and the attention you deserve. Joining is easy. If you are eligible, just open a Share Account which represents your "share" in the credit union. Your $5.00 deposit in this account begins your lifetime of credit union benefits. Woburn Municipal Federal Credit Union is part of a long-standing tradition in personal finance management. The credit union concept originated in Germany during the mid-1800s. A group of farmers, tired of high prices and outrageous interest rates, combined their money to buy supplies and establish a common pool to borrow from at lower interest rates. Today's "credit unions" are similar. They are not-for-profit, member-owned, and democratically operated by people just like you. Currently, there are over 11, 700 credit unions in the United States with more than 74, 000, 000 members. Although credit unions have changed over the years to meet the demands of their members, our long-standing philosophy of "People Helping People" has remained the same. A Unique Financial Institution Woburn Municipal Federal Credit Union is a unique, not-for-profit, member-owned financial institution. We are chartered by the federal government and regulated by the National Credit Union Administration ( NCUA ). Member deposits are federally insured by the National Credit Union Share Insurance Fund ( NCUSIF )